http://www.energymarketprice.com/SitePage.asp?act=NewsDetails&newsId=19431
[More evidence nuclear fission cannot compete on cost. Especially if
required to meet safety standards and accumulate funds for
decommissioning and disposal of nuclear waste caused by reactor
operations. Raising prices for electricity is becoming less of an
option with time as renewables and energy storage are now setting the
price in electricity markets.]
Vattenfall demands Sweden to abolish nuclear tax to save reactors
28/04/2016
State-owned Swedish utility Vattenfall called on Wednesday to end tax on
nuclear power in Sweden to avoid early closure of its loss-making
nuclear reactors and probable increase in electricity prices.
Vattenfall and Germany's E.ON have already settled to close four out of
ten Sweden's nuclear reactors earlier than previously intended because
of low productivity. The Swedish utility runs seven nuclear reactors at
Ringhals and Forsmark electricity plants in collaboration with Finland's
Fortum and Germany's E.ON. E.ON runs three reactors at Oskarshamn power
plant, counting one reactor which was forever shut last year. Nordic
average spot electricity prices dropped to 15-year low of 21 euros per
megawatt-hour (MWh), while nuclear power plant operators have to pay a
specific tax on nuclear capacity, which representes 7 euros per MWh.
While profitability reduce, operators have had to implement pricey
post-Fukushima safety improvements, such as independent core cooling
systems, an insurance against external electricity loss. Nuclear power
plants produce approximately 40 percent of electricity in Sweden, aiding
to avoid prices spikes in the hydropower-reliant region during arid
years. Vattenfall expects to turn into carbon neutral by 2050 and is
vending its contaminating lignite power plants in eastern Germany.
Nuclear contributed to around a quarter of Vattenfall's total production
of 173 TWh in 2015. Its share in Vattenfall's power mix might increase
by almost 35 percent, if the government authorizes the sale of lignite
power plants in Germany, according to Reuters calculations.
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